Newshttps://euf.eu.com/news/newsflash/index.html
Tue, 22 Jan 2019 00:05:44 +0100Joomla! - Open Source Content Managementen-gbinfo@euf.eu.com (EU Federation)Register to the firth EU Factoring and Commercial Finance Summit in Lisbon, 21-22 March 2019https://euf.eu.com/news/newsflash/register-to-the-firth-eu-factoring-and-commercial-finance-summit-in-lisbon-21-22-march-2019.html
https://euf.eu.com/news/newsflash/register-to-the-firth-eu-factoring-and-commercial-finance-summit-in-lisbon-21-22-march-2019.htmlRegistrations are now open for the Fifth EU Factoring and Commercial Finance Summit organised on 21-22 March 2019 by the EUF and FCI. The Summit is the only European Conference organized by the Factoring Industry for the Factoring Industry.

The programme will address the latest updates, promoting and celebrating the impact of the Factoring and Commercial Finance Industry who support the real economy and employment in Europe.

WHO SHOULD ATTEND?

Any senior staff, manager or CEO who needs to be up-to-date with the latest trends and developments in the European Factoring and Commercial Finance Industry.

WHAT IS THE OBJECTIVE?

FCI and EUF represent over 98% of all European market players. This fifth Summit is a unique opportunity for Industry Leaders to network and address topics that really matter for the Factoring Industry.

]]>deviron@fci.nl (Gwendoline de Viron)NewsflashThu, 20 Dec 2018 10:42:10 +0100Save the Date: Fifth EU Factoring and Commercial Finance Summithttps://euf.eu.com/news/newsflash/save-the-date-fifth-eu-factoring-and-commercial-finance-summit.html
https://euf.eu.com/news/newsflash/save-the-date-fifth-eu-factoring-and-commercial-finance-summit.htmlFor the fifth time, EUF and FCI organise the EU Factoring and Commercial Finance Summit in Lisbon, Portugal. The Summit is the only European Conference organized by the Factoring Industry for the Factoring Industry.

Please pencil the date 21-22 March 2019 in your calendar!

The programme will address the latest updates, promoting and celebrating the impact of the Factoring and Commercial Finance Industry in supporting the real economy and employment in Europe.

WHO SHOULD ATTEND?

Anyone who needs to be up to speed with the latest trends and developments in the European Factoring and Commercial Finance Industry.

WHAT IS THE OBJECTIVE?

FCI and EUF represent over 98% of all European market players. This fifth Summit is a unique opportunity for Industry Leaders to network and address topics that really matter for the Factoring Industry.

More information and registration will be open early 2019 on FCI website.

]]>bakshi@fci.nl (Leena Bakshi)NewsflashTue, 31 Jul 2018 16:37:08 +0200"FACTORS AND ACTORS»: A REFERENCE BOOK TO PROMOTE FACTORINGhttps://euf.eu.com/news/newsflash/factors-and-actors-a-reference-book-to-promote-factoring.html
https://euf.eu.com/news/newsflash/factors-and-actors-a-reference-book-to-promote-factoring.htmlPatrick de Villepin, chairman of the ASF’s Factoring Committee (the French Association of Specialized Finance Companies), a founding member of the EU Federation(EUF), has published a book called "Factors and Actors". Its aim is to promote global awareness of the factoring industry and this collaborative work brings together thoughts and analysis from 37 experts from 15 different countries, including historians, professionals and several EUF members. The book spans the past, present and future of the factoring business from both historical and technical perspectives. It also includes a chapter on the EUF itself.

"Factors and Actors" is structured around several key themes:

How to support companies in their international growth?

What is the future for factoring?

What transformation is required for a Factoring 2.0?

What will invoices look like in 10 years’ time?

"Factors and Actors" was launched at the 50th anniversary meeting of FCI, the World Factoring Association which brings together 400 factoring companies from 90 countries.

Marking the occasion, Patrick de Villepin said "Today, factoring is at a crossroads. With the emergence of fintechs, new risks linked to cybersecurity and the challenges of digitization, we have constantly to innovate to better meet companies’ needs and to support international trade. This collective work provides useful ideas for all sector stakeholders around the world".

]]>deviron@fci.nl (Gwendoline de Viron)NewsflashTue, 12 Jun 2018 10:39:14 +0200Factoring and Commercial Finance grows again, supporting economic expansion in the EUhttps://euf.eu.com/news/newsflash/factoring-and-commercial-finance-grows-again-supporting-economic-expansion-in-the-eu-2.html
https://euf.eu.com/news/newsflash/factoring-and-commercial-finance-grows-again-supporting-economic-expansion-in-the-eu-2.htmlFinal analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that factoring and commercial finance volumes in the EU grew overall in 2017 by 7.5% to €1.6 Trillion.

This rate of growth again clearly outpaces the increase in GDP in Europe and demonstrates clearly the vital role factoring and commercial finance is playing in developing the real economy, providing principally SME businesses with much needed working capital. This success story is about real growth, real employment and demonstrable business success in supporting the ongoing recovery.

Almost €220Bn of funding is supporting over 200,000 European businesses.

With factoring and commercial finance now representing around 10.5% of EU GDP, this is a powerful and important contribution to EU economic development and success.

Mrs Françoise Palle-Guillabert, Chairman of the EUF, noted: "The continuing story of growth in our Industry reinforces yet again the highly important role we have in financing the development and expansion of the the real business economy right across the European Community.However, this success should not make us forget that for years to come Factoring and Commercial Finance industry will have to deal with major prudential and legal issues (NSFR, Anacredit, NPL, Basel III, Rome 1, SMEs definition...) and that their voice will have to be taken into account by European legislators and regulators.”

Addressing non performing loans: a non-issue for the factoring industry?

The Newsletter may be downloaded here:

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]]>e.sergeeva@euf.eu.com (Elena Sergeeva)NewsflashMon, 30 Apr 2018 16:14:15 +0200EUF’s unique comparative Legal Study updatedhttps://euf.eu.com/news/newsflash/euf-s-unique-comparative-legal-study-updated.html
https://euf.eu.com/news/newsflash/euf-s-unique-comparative-legal-study-updated.htmlThe EUF’s unique overview analysis of the legal and regulatory environments in Europe (and a number of important comparator countries) has been brought right up to date with an extensive review and revision of the EU 28 member countries’ positions. The EUF considers that this document now represents the only comprehensive analysis of its type available to the Industry, its regulators and lawmakers, associated support service providers and anyone with an interest in the effective finance of business.

The 2017 study consists of 15 sets of questions which investigate the key aspects of receivable financing and factoring and its value lies in bringing this important information together in one place for analysis, comparison and review.Created with the kind support of global law firm Clifford Chance, the document is a substantial development from the previous edition, now with over three hundred pages of important data and analysis.

Launched at the 4th EU Factoring Summit held in Athens on 6/7 March 2018, the EUF Legal Study will be available on the websites of the EUF and FCI to their respective members.

Françoise Palle-Guillabert, Chairman of the EUF noted: “This updated legal study provides an important contribution to developing a common understanding of the opportunities and challenges that exist for the Factoring and Commercial Finance industry to finance the real economy of Europe, supporting business, economic growth and employment.”

FRANÇOISE PALLE-GUILLABERT IS CONFIRMED AS THE NEW CHAIR OF THE EU FEDERATION, THE EUROPEAN ASSOCIATION OF FACTORING

Françoise Palle-Guillabert, Director General of the French Association of Specialised Finance Companies (ASF), has been elected Chair of the EU Federation during the Association Council, which was held in the Fourth EU Factoring and Commercial Finance Summit in Athens on March 6th and 7th, 2018. Its mandate takes effect immediately for a period of 2 years.

Françoise Palle-Guillabert received a French Master’s degree in Law and a Master in Public Affairs from the Institut d’Études Politiques in Paris. Since October 2008, Françoise Palle-Guillabert has been the Director General of the French Association of Specialised Finance Companies (ASF). She has been a board member of The EU Federation since 2009.

At the same meeting, EUF Board Members Fausto Galmarini and Josep Selles were also elected as Vice Chairs, thereby cementing a knowledgeable and experienced leadership team for the Organisation.

ENDS 06.03.2018

Notes to Editors

The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It comprises national and international industry associations that are active in the region. The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF acts as a platform between the Factoring and Commercial Finance Industry and key legislative decision makers across Europe, bringing together national experts to speak with one voice.

Copies of the EUF Yearbook 2016-17 are available from the EUF Secretariat